Chinese officials are expected to be in Washington this week to hold consultations with the U.S. ahead of high-level trade talks in October.World Economyread more
Saudi Arabia's defense spending is the world's third-largest — behind the U.S. and China, says Gary Grappo, former U.S. ambassador to Oman.Energyread more
President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
The Federal Reserve's latest meeting statement maintains the case for a rate hike in December, according to fed funds futures watched by Wall Street analysts.
David Lefkowitz, senior equity strategist at UBS Wealth Management Americas, said that based on fed funds futures, the odds for a December hike were little changed after the Fed's 2 p.m. EDT statement.
"The market seems to be pricing in rate hikes down the road but not much change in the short term. Again, the moves (in fed funds futures) are very small, not very large," he said.
In the minutes immediately after the statement release, fed funds futures showed markets were pricing in a roughly 62 percent chance of a rate hike in December, versus about 59 percent prior, according to Ryan Larson, head of equity trading, U.S., at RBC Global Asset Management. Expectations for November also briefly edged higher, spiking to 36 percent after the Fed statement versus near 30 percent before, Larson said.
Odds for November had fallen to near 22 percent late Wednesday afternoon, while the probability for December was still around 60 percent, Larson said.
The Fed kept the fed funds rate range unchanged between 0.25 and 0.50 percent on Wednesday, as expected.